RISING INEQUALITY AND RECOVERY FOR ECONOMIC TRANSFORMATION IN THE POST- COVID19
Keywords:
Inequality, Economic Recovery, Environment Concerns, Unemployment RateAbstract
The COVID-19 pandemic crisis has caused a huge impact, with more than 3.1 million deaths and still rising, 120 million people pushed into severe poverty, and a massive worldwide recession. People have been suffering and poverty has risen. Weak restoration in emerging market and developing economies (EMDEs) have been concern. The impacts of climate change, carbon emissions, habitat destruction, and poor ocean health are already causing immense hardship worldwide, exposing the global economy to further systemic vulnerabilities that might eventually overshadow the present crisis. Despite optimistic indicators from governments, corporations, and individuals, recovery efforts must be more robust. Multiple governments have recognized the need and potential for a sustained recovery. This article reviewed over a rise on inequality, economic recovery, environment concerns, labor market, redistributions, and welfare state also risk of large unemployment rate.
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